April 10, 2010

This post is for my friend ARS

He has asked about M&M Charts.

Mahindra & Mahindra LTD has formed a triangle in the daily time frame.

Look for a break out of the triangle and close above or below 5 EMA.

If you follow the price, most of your trades will give you profit.

Don't try to predict a reversal. See the reversal on the chart and you turn with it.

thank you

take care


All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore